Search
Contact Us
Second Home Mortgages
Our Second Home Mortgage is designed to support customers who are purchasing a second home or residential property that will be used as a commuter home, a weekend home or a home for dependents to live in.
Our mortgages
You can mark products as favourites, allowing you to gather all your favourited items for a comparison.
Second Home - 2 Year Discount 85% LTV
Initial Interest Rate
6.04%
Maximum Loan To Value (LTV)
85%
Overall Cost for Comparison
7.90%
Product Code
DP221
The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 6.04% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,401.08, 48 payments of £1,554.93 and 228 monthly payments of £1,701.78.
The total amount payable would be £497,592.40 made up of the loan amount plus interest of £279,634.40 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£225.00), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.9% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.